Microsoft Corporation (MSFT) Stake Lowered by Stralem & Co. Inc.
Stralem & Co. Inc. decreased its position in Microsoft Corporation (NASDAQ:MSFT) by 4.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 393,597 shares of the software giant’s stock after selling 20,160 shares during the period. Microsoft Corporation makes up about 3.2% of Stralem & Co. Inc.’s portfolio, making the stock its 9th largest position. Stralem & Co. Inc.’s holdings in Microsoft Corporation were worth $27,131,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in MSFT. 3G Capital Partners LP raised its stake in Microsoft Corporation by 7.1% in the fourth quarter. 3G Capital Partners LP now owns 1,608,543 shares of the software giant’s stock worth $99,955,000 after buying an additional 106,728 shares during the last quarter. Tompkins Financial Corp raised its stake in Microsoft Corporation by 21.1% in the first quarter. Tompkins Financial Corp now owns 104,748 shares of the software giant’s stock worth $5,784,000 after buying an additional 18,225 shares during the last quarter. Wealthfront Inc. raised its stake in Microsoft Corporation by 15.8% in the fourth quarter. Wealthfront Inc. now owns 230,160 shares of the software giant’s stock worth $14,302,000 after buying an additional 31,364 shares during the last quarter. AMF Pensionsforsakring AB raised its stake in Microsoft Corporation by 10.1% in the fourth quarter. AMF Pensionsforsakring AB now owns 6,579,698 shares of the software giant’s stock worth $408,862,000 after buying an additional 606,188 shares during the last quarter. Finally, Dodge & Cox purchased a new stake in Microsoft Corporation during the fourth quarter worth $2,658,504,000. Hedge funds and other institutional investors own 72.86% of the company’s stock.
Shares of Microsoft Corporation (MSFT) traded up 1.53% during midday trading on Friday, hitting $72.50. The company had a trading volume of 21,443,675 shares. Microsoft Corporation has a 12 month low of $55.61 and a 12 month high of $74.42. The stock’s 50-day moving average price is $71.70 and its 200-day moving average price is $67.95. The company has a market cap of $558.41 billion, a price-to-earnings ratio of 26.75 and a beta of 1.01.
Microsoft Corporation (NASDAQ:MSFT) last issued its quarterly earnings data on Thursday, July 20th. The software giant reported $0.98 EPS for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.27. The firm had revenue of $24.70 billion during the quarter, compared to the consensus estimate of $24.29 billion. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. The firm’s revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.69 EPS. On average, equities research analysts forecast that Microsoft Corporation will post $3.22 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 17th will be paid a dividend of $0.39 per share. The ex-dividend date is Tuesday, August 15th. This represents a $1.56 dividend on an annualized basis and a yield of 2.15%. Microsoft Corporation’s payout ratio is currently 57.78%.
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MSFT has been the topic of a number of recent research reports. Morgan Stanley restated an “overweight” rating and set a $80.00 target price on shares of Microsoft Corporation in a research note on Thursday, July 13th. Stifel Nicolaus restated a “buy” rating and set a $73.00 target price on shares of Microsoft Corporation in a research note on Sunday, July 9th. Cowen and Company restated an “outperform” rating and set a $80.00 target price (up from $78.00) on shares of Microsoft Corporation in a research note on Saturday, July 22nd. Pacific Crest restated a “buy” rating and set a $78.00 target price (up from $70.00) on shares of Microsoft Corporation in a research note on Friday, April 28th. Finally, William Blair restated an “outperform” rating on shares of Microsoft Corporation in a research note on Friday, April 28th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-seven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $76.15.
In related news, EVP Christopher C. Capossela sold 4,927 shares of the company’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $68.75, for a total transaction of $338,731.25. Following the completion of the transaction, the executive vice president now directly owns 214,080 shares in the company, valued at approximately $14,718,000. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Jean Philippe Courtois sold 26,763 shares of the company’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $74.00, for a total value of $1,980,462.00. Following the transaction, the insider now owns 544,080 shares of the company’s stock, valued at $40,261,920. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,060,855 shares of company stock valued at $512,251,908. 2.99% of the stock is owned by company insiders.
About Microsoft Corporation
Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.
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